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Indigo Books & Music Inc
Symbol IDG
Shares Issued 27,666,558
Close 2024-02-14 C$ 2.06
Market Cap C$ 56,993,109
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Globe says Indigo, others feel pain of cyber crime

2024-02-15 08:47 ET - In the News

The Globe and Mail reports in its Thursday edition that in January, Global Affairs Canada said it had experienced a month-long security breach. The Globe's guest columnist Byron Holland writes that reports suggest there was unauthorized access to sensitive government data and personal information, and that many employees are now unable to work remotely. Unfortunately, major cyber breaches are on the rise. Earlier this year, researchers said they had discovered 26 billion on-line records -- including username and passwords -- on the dark web. In Canada, high-profile attacks have taken down household names like Petro-Canada, Indigo and the LCBO. Individually, each headline about a cyber breach represents a bad day for an organization and the Canadians who rely on it. However, when considered collectively, they serve as a warning. As international tensions grow and foreign adversaries develop new cyber capabilities, the private sector will increasingly become a target for bad actors aiming wreak havoc on our critical infrastructure and undermine Canada's national security. As stakeholders have noted, Bill C-26 can and should be strengthened to foster Canadians and Canadian organizations' trust in the new law.

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